French regulator notes improved AML activity

France’s National Gaming Authority (ANJ) has noted an improvement from operators in “the fight against fraud, money laundering and the financing of terrorism

France’s National Gaming Authority (ANJ) has noted an melioration from operators in “the defend against fraud, money laundering and the funding of terrorism.”

However, the ANJ added that, for some operators, a “margin of progress” is necessary.

Each year, operators must give in for favorable reception an “action plan” to combat financial corruption. This provision, said the ANJ, facilitates a “constant dialogue between operators and the regulator,” though casinos and gaming clubs are exempt.

In evaluating operators’ action mechanism plans for 2021 and their implementation, the ANJ’s assessment was predominantly positive.

The Daniel Chester French regulator highlighted their “better identification and to a greater extent in-depth risk assessment” alongside a “willingness from operators to allocate sufficient human and material resources to fulfill their obligations.”

Further feedback interested the advance of operators’ “alert engineering” as intimately as superior general compliance with the procedures for drawing upwards suspicious transaction reports.

Regarding operators’ efforts inward 2022, it encouraged them to develop push down their peril analyses past betting offer, for object lesson sports or Equus caballus race betting, and severalize players’ “degree of criticality.”

Moreover, the ANJ advised operators to fortify their intragroup structures and imagination dedication, alongside ensuring their “asset freezing system of rules complies with the effectual provisions inward force.”

It said operators should “improve procedures to ensure good and lasting internal moderate of compliance by staff.”

Regarding France’s 2 monopoly operators, Francaise des Jeux (FDJ) and Pari Mutuel Urbain (PMU), the regulator encouraged them to “increase and strengthen point-of-sale checks on retailers.”

This comes after the ANJ revealed a 57% rising inwards requests for mediation during 2021.